ImmunoPrecise Antibodies (TSXV:IPA) Days Payable : 109.49 (As of Oct. 2023)

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What is ImmunoPrecise Antibodies Days Payable?

ImmunoPrecise Antibodies's average Accounts Payable for the three months ended in Oct. 2023 was C$3.84 Mil. ImmunoPrecise Antibodies's Cost of Goods Sold for the three months ended in Oct. 2023 was C$3.20 Mil. Hence, ImmunoPrecise Antibodies's Days Payable for the three months ended in Oct. 2023 was 109.49.

The historical rank and industry rank for ImmunoPrecise Antibodies's Days Payable or its related term are showing as below:

TSXV:IPA' s Days Payable Range Over the Past 10 Years
Min: 104.23 Med: 131.2 Max: 170.1
Current: 138.68

During the past 13 years, ImmunoPrecise Antibodies's highest Days Payable was 170.10. The lowest was 104.23. And the median was 131.20.

TSXV:IPA's Days Payable is ranked worse than
51.47% of 715 companies
in the Biotechnology industry
Industry Median: 148.78 vs TSXV:IPA: 138.68

ImmunoPrecise Antibodies's Days Payable declined from Oct. 2022 (134.01) to Oct. 2023 (109.49). It may suggest that ImmunoPrecise Antibodies accelerated paying its suppliers.

ImmunoPrecise Antibodies Days Payable Historical Data

The historical data trend for ImmunoPrecise Antibodies's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ImmunoPrecise Antibodies Days Payable Chart

ImmunoPrecise Antibodies Annual Data

Trend

Dec13

Dec14

Dec15

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Payable

Get a 7-Day Free Trial

117.58

101.79

136.77

169.39

163.49

ImmunoPrecise Antibodies Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Payable	Get a 7-Day Free Trial															134.01	188.47	153.86	109.50	109.49

Competitive Comparison of ImmunoPrecise Antibodies's Days Payable

For the Biotechnology subindustry, ImmunoPrecise Antibodies's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ImmunoPrecise Antibodies's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, ImmunoPrecise Antibodies's Days Payable distribution charts can be found below:

* The bar in red indicates where ImmunoPrecise Antibodies's Days Payable falls into.

ImmunoPrecise Antibodies Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

ImmunoPrecise Antibodies's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

	Days Payable (A: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2022 )	+	Accounts Payable (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (4.768	+	3.386)	/	2 )	/	9.102	*	365
=	4.077					/	9.102	*	365
=	163.49

ImmunoPrecise Antibodies's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (3.557	+	4.113)	/	2 )	/	3.196	*	365 / 4
=	3.835					/	3.196	*	365 / 4
=	109.49

ImmunoPrecise Antibodies Days Payable Related Terms

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ImmunoPrecise Antibodies (TSXV:IPA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » ImmunoPrecise Antibodies Ltd (TSXV:IPA) » Definitions » Days Payable

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Traded in Other Exchanges

IPA:USA TQB:Germany

Address

3204 - 4464 Markham Street, Victoria, BC, CAN, V8Z 7X8

Website

https://www.immunoprecise.com

ImmunoPrecise Antibodies Ltd is a supplier of custom antibodies to the research industry and industrial community. The company has aggregated its operations into one reportable segment, Antibody Production, and Related Services. It operates in three principal geographical areas - the United States of America, Canada, Europe, and others. The majority of its revenue is derived from Europe.